Financial Intelligence Centre

Priority as the Supervisory Body in terms of FICA

As a supervisory body in terms of FICA, the Estate Agemcy Affairs Board (EAAB) is empowered to act in the enforcement of the provisions of the act. This will be achieved through carrying out regular physical inspections.

The Financial Intelligence Centre (the FIC), established by the Financial Intelligence Centre Act, 38 of 2001 (the FIC Act), is the national point for the gathering, analysis and dissemination of financial intelligence. The FIC identifies the proceeds of crime and combats both money laundering and the financing of terrorism with its primary role...

The Financial Intelligence Centre Act, 38 of 2001, established the Financial Intelligence Centre as the national centre for the gathering and analysis of financial data. The FIC is mandated to identify funds generated from criminal acts and to combat money laundering and terrorist financing. The FIC Act imposes certain obligations on sectors...

26 AUGUST 2016 ISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT, 2016 Purpose of the Issue Paper 1. The Issue Paper is intended to elicit comments on aspects where accountable institutions will require guidance when the amendments to the Financial Intelligence Centre Act, 2001 (the FIC Act), to be...

Wednesday, 17 August 2016: The Financial Intelligence Centre (the FIC) in consultation with National Treasury, South African Reserve Bank and the Financial Services Board has published an Issue Paper on guidance required to implement the FIC Amendment Bill, 2016, on the FIC’s website today. Click here to read the Issue Paper.

ARRANGEMENTS OUTLINED FOR ACCOUNTABLE AND REPORTING INSTITUTIONS NOT REGISTERED WITH FIC AS AT 7 March 2016, IN LATEST PUBLIC COMPLIANCE COMMUNICATION The Financial Intelligence Centre (FIC) has issued Public Compliance Communication No 34, (click here to access PCC 34), which allows accountable and reporting institutions not registered as at 7...